#yahoofinance #apple #valuation
Apple shares are on the path to rising above a $3 trillion valuation this session. CFRA Research Senior Equity Analyst Angelo Zino joins Yahoo Finance Live to break down several product catalysts pushing the stock higher.
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Seems more like a dare trade where institutions are playing chicken in the short term.
Apple has transitioned all their silicon to the in-house M-chip line and no longer has to pay the “Intel tax” for using Intel chips, and unification of all products under the same silicon. Apple stock will continue moving sky high with higher margins as a direct result of their decision to replace Intel with M chips.
I had been buying and hold this stock for over a decade, despite of the naysayers. I don’t have to do anything and my share of the company grew larger by the quarter because of the buybacks. No tax consequence. It wasn’t that long ago the naysayers said Apple can’t grow more when it hit $1T market cap. I own this stock because I am not a trader, and I want something I can sleep at night instead of the need to constantly worry.